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Brazil Election Triggers >20% Drop in iShares MSCI Brazil ETF
Luiz Inácio Lula da Silva won a fourth term, causing a sharp sell‑off; EWZ fell over 20%, Brazilian real futures down 10%, Petrobras -20%, Itaú -30%, Ambev -19%.
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Luiz Inácio Lula da Silva won a fourth term, causing a sharp sell‑off; EWZ fell over 20%, Brazilian real futures down 10%, Petrobras -20%, Itaú -30%, Ambev -19%.